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Stock Market & Financial Investment News

News Breaks
February 4, 2013
09:20 EDTNXPINXP 30M share Secondary priced at $30.35
Barclays and Credit Suisse acted as joint book running managers for the offering.
News For NXPI From The Last 14 Days
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November 30, 2015
09:05 EDTNXPINXP Semiconductors to hold a conference call
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05:24 EDTNXPINXP Semiconductors announces CFO transition
NXP Semiconductors announced that effective December 7, Dan Durn will become executive vice president and CFO of NXP. Peter Kelly, NXP's current CFO, has expressed a desire to retire in 2017 and the appointment of Durn is part of the succession plan for the company. Kelly will continue to report to Rick Clemmer, NXP's CEO and will continue to be a key member of the NXP Management Team. In his new role Kelly will focus on Strategy and M&A, as well as ensuring a successful integration with Freescale.
November 27, 2015
07:01 EDTNXPINXP Semiconductors receives Chinese approval for Freescale merger
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November 25, 2015
16:32 EDTNXPINXP Semiconductors receives FTC approval for merger with Freescale
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15:24 EDTNXPIFTC requires NXP Semiconductors to divest RF power amplifier assets
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November 24, 2015
10:31 EDTNXPINXP Semiconductors CFIUS approval removes a major overhang, says BofA/Merrill
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05:34 EDTNXPINXP Semiconductors and JAC receives CFIUS clearance
NXP Semiconductors announced that the company has received clearance on the proposed transaction of the sale of its RF Power business to Jianguang Asset Manangement from the Committee on Foreign Investment in the United States. The divesture of the RF Power business is a condition for NXP's merger with Freescale Semiconductor. NXP and JAC Capital are in the final stages of the regulatory approval process in respect of the acquisition by JAC Capital of NXP's RF Power business, which is targeted to close on December 7, next.
November 18, 2015
08:31 EDTNXPINXP Semiconductors removed from US 1 List at BofA/Merrill
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08:14 EDTNXPINXP Semiconductors added to Top Pick list at FBR Capital
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November 16, 2015
10:25 EDTNXPIUBS trims Apple target, says iPhone partner cut production forecast
Hon Hai, which manufactures Apple's (AAPL) iPhones, expects to assemble significantly fewer iPhones this quarter than in the same period in 2014, UBS wrote in a note to investors today. WHAT'S NEW: Hon Hai Precision Industry, also known as Foxconn, is expected to assemble 10% fewer iPhones this quarter than in the same period in 2014, said UBS analyst Steven Milunovich, citing work from fellow UBS analyst Arthur Hsieh. Previously, companies that supply force touch components for iPhones saw a 10%-15% reduction in their orders, the analyst reported. These developments "are not encouraging," but Apple had previously ordered a large number of iPhones for Q4, according to Milunovich. Overall iPhone demand "could still be decent," he believes. However, the analyst lowered his iPhone sales estimate for Apple's March quarter to 61M from 62.5M, asserting that iPhone sales on China's November 11 Singles Day holiday may have come in below expectations. Based on October search volumes, he continues to believe that demand for iPhone units in the fourth quarter of the calendar year will be 75M, in-line with the consensus outlook. Milunovich trimmed his price target on Apple to $140 from $150 but kept a Buy rating on the shares. WHAT'S NOTABLE In a note to investors on November 10, Credit Suisse reported that it was cutting its estimates for 2016 iPhone sales. The firm expects sales of the device to fall 10.4% in the first quarter versus the same period in 2015, and it predicts that iPhone sales will decline 5.5% year-over-year in 2016. Suppliers with greater than 10% exposure to Apple include Avago (AVGO), SanDisk (SNDK), Analog Devices (ADI), Broadcom (BRCM), Texas Instruments (TXN), NXP Semiconductors (NXPI) and Fairchild (FCS), Credit Suisse reported. The firm said it continues to have a negative view of the smartphone sector. PRICE ACTION: In early trading, Apple added nearly 1% to $113.34.

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